HC Wainwright Issues Pessimistic Forecast for ELBM Earnings

Electra Battery Materials Corporation (NASDAQ:ELBM) – HC Wainwright dropped their FY2025 earnings per share (EPS) estimates for shares of Electra Battery Materials in a research report issued to clients and investors on Wednesday, November 26th. HC Wainwright analyst H. Ihle now anticipates that the company will post earnings of ($1.40) per share for the year, down from their previous forecast of ($1.34). HC Wainwright currently has a “Buy” rating and a $2.10 target price on the stock. The consensus estimate for Electra Battery Materials’ current full-year earnings is ($1.72) per share.

Electra Battery Materials (NASDAQ:ELBM) last posted its quarterly earnings results on Thursday, November 13th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.04).

Several other equities analysts have also weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Electra Battery Materials in a report on Tuesday, November 11th. Wall Street Zen raised Electra Battery Materials to a “sell” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Electra Battery Materials has an average rating of “Hold” and an average target price of $2.10.

Electra Battery Materials Price Performance

ELBM opened at $0.99 on Monday. Electra Battery Materials has a 52-week low of $0.77 and a 52-week high of $8.70. The company has a 50 day moving average of $1.46 and a two-hundred day moving average of $1.21. The company has a market cap of $17.80 million, a P/E ratio of -0.78 and a beta of 2.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Electra Battery Materials stock. Rathbones Group PLC raised its holdings in shares of Electra Battery Materials Corporation (NASDAQ:ELBM) by 113.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,171 shares of the company’s stock after purchasing an additional 40,000 shares during the quarter. Rathbones Group PLC owned 0.42% of Electra Battery Materials worth $81,000 at the end of the most recent quarter. 32.90% of the stock is owned by institutional investors and hedge funds.

About Electra Battery Materials

Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.